UAE, India sign MoU for artificial intelligence, aim to generate $20bn in benefits

The UAE has signed a partnership with India to develop artificial intelligence (AI) with plans to generate an $20bn in economic benefits during the next decade. The Memorandum of Understanding (MoU) for the India – UAE Artificial Intelligence Bridge will "spur discussion and explore options for both countries to grow their AI economies", a statement said. AI is expected to maximise the efficiency and delivery of government services while also boosting the effectiveness of the private sector. The UAE-India collaboration will seek to evaluate the dynamic nature of AI by convening a joint working committee between the UAE Ministry for Artificial Intelligence, Invest India and Startup India. The committee will meet once a year with the mandate to increase investment in AI startups and research activities in partnership with the private sector.